The number of risks in the development space that can hinder effective delivery of social impact is extensive. It includes logistical challenges, fraud, reputational risk, corruption, arson, war, political obstacles, procurement issues, natural disasters and many more. These risks inevitably lead to avoidable losses of aid material, donations, impact investments or even personnel. Social Impact Partners aims to support donors and social impact organizations navigate and address such risks.
Our goal is to find solutions to contribute to the UN Sustainability Development Goals. The Sustainable Development Goals are 17 all-encompassing goals the UN developed in the course of its 2030 Agenda for Sustainable Development (A/RES/70/1). The SDGs describe goals which include challenges for all countries, thus establishing an advancement to the previous Millenium Development Goals, which focused on the developing countries only.
In order to determine which risk management strategy is the most suitable the organization must be aware of its risks at every step of their value chain; from receiving donations to delivering an activity in the field, from risks at headquarter level to to those at Country Office level. The organization can then set up a risk management framework, which describes how to treat the identified risks.
SIP has developed a methodology to compare countries’ vulnerability towards climate and disaster risks and their readiness for insurance solutions. This will enable access to climate risk insurance for an additional 400 million poor and vulnerable people by 2020.
- United Nations University / Institute for Environment and Human Security
- GIZ - Deutsche Gesellschaft für internationale Zusammenarbeit (GIZ) GmbH
Munich Re and Social Impact Partners have been supporting the Global Fund to Fight AIDS, Tuberculosis and Malaria since 2014 with the development of a comprehensive risk assessment and recommendations for associated risk reduction measures. In 2018 the continuation of the cooperation was signed for another three years.
- The Global Fund to Fight AIDS, Tuberculosis and Malaria